Europe´s Moment: Repair and Prepare for the Next Generation

Communication from the European Commission

The European Commission has unveiled its plan for Europe’s financial recovery from covid-19.

The major recovery plan includes the creation of the new instrument “Next Generation EU” and a revamped long-term EU budget, which will bring the total financial firepower of the EU budget to €1.85 trillion.

View the summary of the European Commission´s proposal here.

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